Securities Commission v Midavia Rail Investments BVBA - [2006] 2 NZLR 207

Practice and procedure — Limitation of proceedings — Whether action by Securities Commission for pecuniary penalties commission’s own cause of action, or cause of action of public issuer — When cause of action under Securities Markets Act 1988 accrued for limitation purposes — Whether test of reasonable discoverability applied to cause of action for pecuniary penalties — Tax Administration Act 1994, s 158.

Practice and procedure — Service out of jurisdiction — Whether jurisdiction to serve out of jurisdiction in Securities Commission derivative actions — Securities Markets Act 1988, s 42.